Servicing

Ocwen Financial Corp., one of the biggest U.S. mortgage servicers, fell the most ever after a newspaper reported that California is seeking to suspend its license.

Industrywide standards of best practices are a topic that deserves consideration by everyone involved. We should prove that common sense still can prevail.

There remains a clear difference in the housing recovery among home price tiers, according to the November Mortgage Monitor from Black Knight Financial Services.

MGIC Investment Corp. said on Friday that its delinquent inventory dropped slightly in December compared to a month earlier.

FirstKey Mortgage, an entity linked to Cerberus Capital Management, is planning a securitization of reperforming residential mortgages, according to Fitch Ratings.

Home values have risen fastest in markets where institutional buyers bought up scores of foreclosed homes and then rented them out. But these investor have largely curtailed their buying, and may even be ready to start selling off more properties to profit from the run-up in home prices. That could be good news for first-time buyers.

The number of homes in negative equity continued to lessen through the end of the third quarter, according to CoreLogic.

Late payments on home equity loans fell in the third quarter while delinquencies on home equity lines of credit rose slightly, the American Bankers Association said in a report issued Thursday.

SecurityNational Mortgage has made its final payment on a $4.3 million financial crisis-era settlement with Wells Fargo.

An independent mortgage bank will sell a mortgage servicing rights portfolio with $4.2 billion in unpaid principal balance, an advisor to the transaction announced this week.